Re:A Growing Problem in Real Estate: Too Many Too Big Houses
by cblum on Thursday June 20, 2019 @02:14PM
(#20235608)
True, but from my perspective moving is a small, point in time hassle that you go through every couple years as a renter, as opposed to a lifelong stream of issues that you have to deal with as a homeowner.
Re:A Growing Problem in Real Estate: Too Many Too Big Houses
by scarface74 on Thursday June 20, 2019 @02:25PM
(#20235735)
If the rent is going up where you live, it’s probably going up everywhere else you would want to live in lockstep.
Re:A Growing Problem in Real Estate: Too Many Too Big Houses
by qes on Friday June 21, 2019 @06:09PM
(#20246677)
And from my perspective moving is an enormous hassle. Multiple vehicles, recreational vehicles, even a project car, and then of course a garage full of tools. Thousands of pounds of weights and gym equipment. King size latex beds that weigh a small ton, 4 beds altogether. Couches, dressers, half a dozen large TV's, file cabinets, a six-monitor desktop setup. Moving once a decade is more than enough, thanks.
Only for exactly 12 months though. After that, your rent could double for all you know, and there’d be nothing you could do. You can move, of course, but now you’ve been forced to upend your life.
I live in a rent stablized apartment, and I feel lucky not just because my current price is lower than market rate overall. But of course, that’s not a scalable economic solution.